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Magnum Mining and Exploration Limited

MGU.AX Technical Analysis Summary (ASX)

Analyze MGU.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MGU.AX●ASX
Basic MaterialsOther Precious Metals
$0.006
$0.00(8.33%)
Australian Market opens in 13h 18m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MGU.AX Technical Analysis Summary (ASX)

Magnum Mining and Exploration Limited (ASX: MGU.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 69.47)
Trend Strength:Very Strong (ADX: 51.09)
Support/Resistance:$0.00 – $0.01 (Bollinger Bands)

Technical conditions suggest Magnum Mining and Exploration Limited on the ASX is awaiting a decisive move. Overall, Magnum Mining and Exploration Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 69.47

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 58.33

Neutral
Mid-range signal with no clear trend.

Williams %R: -25.00

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 30.00

Strongly Bullish
Strong upside momentum.

Takeaway:Magnum Mining and Exploration Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 51.09

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 182.42

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Magnum Mining and Exploration Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.01
Middle Band (SMA 20)
$0.01
Lower Band
-
Current Position
Unknown
Keltner Channels
Upper Channel
$0.01
Middle Line (EMA 20)
$0.01
Lower Channel
$0.01
Squeeze Status
Unknown

Takeaway:Magnum Mining and Exploration Limited trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-12.81M
Money Flow Index98.51Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index13.31Bearish, price momentum favors sellers.

Overall Takeaway:MGU.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Magnum Mining and Exploration Limited (ASX: MGU.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Bearish Signals

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Magnum Mining and Exploration Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: MGU.AX) Technical Analysis FAQ